Connecticut State Employees Mortgage Rates, Fees & InfoHartford, CT
Tax ID: 06-0663293
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewConnecticut State Employees is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Connecticut State Employees has a high proportion of conventional loans. Their top markets by origination volume include: Hartford, New Haven, Norwich, Worcester, and Torrington among others. We have data for 7 markets. (Some data included below & more in-depth data is available with an active subscription.)
Connecticut State Employees has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders.
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|Simulated Rate||Simulation Date|
|15 Year Conventional Refi||5.71%||4/2/23|
|15 Year Cash-out Refi||5.71%||4/2/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Connecticut State Employees Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$66,025,000
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
|Market||Originations||Total Value||Average Loan||Average Fees||Average Rate|
|HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA)||296||$40,760,000||$137,703||$365||3.39%|
|NEW HAVEN-MILFORD, CT (FHA|USDA|VA)||66||$8,660,000||$131,212||$374||3.56%|
|NORWICH-NEW LONDON, CT (FHA|USDA|VA)||51||$6,835,000||$134,020||$378||3.37%|
|WORCESTER, MA-CT (FHA|USDA|VA)||30||$3,500,000||$116,667||$356||3.37%|
|Torrington, CT (FHA|USDA|VA)||22||$3,170,000||$144,091||$388||3.48%|
|BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA)||19||$2,955,000||$155,526||$391||3.35%|
|Outside of Metro Areas||1||$145,000||$145,000||$498||2.55%|
Their top states include:
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Connecticut State Employees's most frequently originated type of loan was Conventional, with 485 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||192||$32,810,000||$170,885||$381||3.22%|
For 2022, Connecticut State Employees's most frequently cited loan purpose was Cash Out Refi, with 192 originations. The 2nd most popular reason was Refi, with 166 originations.
For 2022, Connecticut State Employees's most frequently cited loan duration was 15 Year, with 166 originations. The 2nd most popular length was 20 Year, with 120 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Connecticut State Employees's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 225 originations.
2022 saw Connecticut State Employees place emphasis on $100,000 or less loans with 201 originations, totaling $10,275,000 in origination value.
Connecticut State Employees lent most frequently to those with incomes in the $100k-150k range, with 162 originations. The second most popular income band? $150k-250k, with 112 originations.
Applicant Debt to Income Ratio
|DTI Ratio||Originations||Total Value||Average Loan||Average Fees||Average Rate|
Connecticut State Employees lent most frequently to those with DTI ratios of 20-30%, with 201 originations. The next most common DTI ratio? <20%, with 183 originations.
Approval RatesTotal approvals of all applications
Connecticut State Employees has a below average approval rate.
Pick RateApprovals leading to origination
Connecticut State Employees has an average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|